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BIG SPRING EDUCATION EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2021 — BIG SPRING EDUCATION EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in BIG SPRING, TX with 2 branch locations and about $61.91 million in total assets. Opened 66 years ago in 1955, BIG SPRING EDUCATION EMPLOYEES FEDERAL CREDIT UNION has about 4,538 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:BIG SPRING EDUCATION EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 1110
BIG SPRING, TX 79721
Phone:(432) 263-8393
Fax:(432) 263-4817
Website:http://www.bstcu.com
Branches:2 branch locations
Members:4,538
Credit Union Type:Federal Credit Union
Charter Number:10577
Membership Type:Community - Rural District
Corporate Credit Union:No
Year Opened:1955
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$61,910,758
CEO/Manager:Ashley Fowlkes
Chairperson:AMBER BUSKE

Call Report

  • Overdraft Protection
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 38,152,798
TOTAL INVESTMENTS 3,160,005
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 3,064,329
 Other Loans 16,239,071
 TOTAL LOANS 19,303,400
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -410,005
 Land And Building 835,776
 Other Fixed Assets 126,425
 NCUSIF Deposit 439,516
 All Other Assets 302,843
  TOTAL ASSETS 61,910,758
LIABILITIES & CAPITAL:  
 Dividends Payable 13,410
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities -97,450
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 12,993,106
 Regular shares 18,772,033
 All Other Shares & Deposits 22,492,676
  TOTAL SHARES & DEPOSITS 54,257,815
  TOTAL LIABILITIES 54,173,775
 Regular Reserve 739,318
 Other Reserves 0
 Undivided Earnings 6,997,665
  TOTAL EQUITY 7,736,983
  TOTAL LIABILITIES, SHARES, & EQUITY 61,910,758
INCOME & EXPENSE  
 Loan Income 349,736
 Investment Income 40,762
 Other Income 72,114
 Total Employee Compensation & Benefits 197,732
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 180,392
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 30,000
 Cost of Funds 21,510
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 35,112
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